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Rating Assigned In French Auto ABS Transaction FCT TitriSocram Compartment TitriSocram 2012-1 Feb 12 Product Image

Rating Assigned In French Auto ABS Transaction FCT TitriSocram Compartment TitriSocram 2012-1 Feb 12

  • ID: 2084386
  • February 2012
  • Region: France
  • Standard & Poors

Abstract
OVERVIEW We have assigned our 'AAA (sf)' rating to the class A notes in FCT TitriSocram Compartment TitriSocram 2012-1. This is the seventh transaction backed by receivables originated and serviced by Socram Banque, which is the fourth-largest specialized auto loans lender in France. PARIS (Standard & Poor's) Feb. 22, 2012--Standard & Poor's Ratings Services today assigned its 'AAA (sf)' credit rating to FCT TitriSocram Compartment TitriSocram 2012-1's class A notes of the -460 million asset-backed notes issued by a segregated compartment of the French Fonds Commun de Titrisation (FCT) TitriSocram (see list below). This is the seventh transaction backed by receivables originated and serviced by Socram Banque (A-/Stable/A-2). The purpose of the transaction is to securitize a portfolio of vehicle...

Companies mentioned in this report are: FCT Titrisocram Compartment Titrisocram 2012-1
Action: New Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
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FCT Titrisocram Compartment Titrisocram 2012-1

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